What is Cyber security?

    Cyber security comprises technologies, processes and controls that are designed to protect systems, networks and data from cyber attacks.
Effective cyber security reduces the risk of cyber attacks, and protects organisations and individuals from the unauthorised exploitation of systems, networks and technologies.
  Cyber security or information technology security are the techniques of protecting computers, networks, programs and data from unauthorized access or attacks that are aimed for exploitation.

A Definition of Cyber Security

Cyber security refers to the body of technologies, processes, and practices designed to protect networks, devices, programs, and data from attack, damage, or unauthorized access. Cyber security may also be referred to as information technology security.

What are the consequences of a cyber attack?

Cyber attacks can disrupt and cause considerable financial and reputational damage to even the most resilient organisation.
If you suffer a cyber attack, you stand to lose assets, reputation and business, and potentially face regulatory fines and litigation – as well as the costs of remediation.
The UK government's Cyber Security Breaches Survey 2017 found that the average cost of a cyber security breach for a large business is £19,600 and for a small to medium-sized business is £1,570.

The Importance of Cyber Security

Cyber security is important because government, military, corporate, financial, and medical organizations collect, process, and store unprecedented amounts of data on computers and other devices. A significant portion of that data can be sensitive information, whether that be intellectual property, financial data, personal information, or other types of data for which unauthorized access or exposure could have negative consequences. Organizations transmit sensitive data across networks and to other devices in the course of doing businesses, and cyber security describes the discipline dedicated to protecting that information and the systems used to process or store it. As the volume and sophistication of cyber attacks grow, companies and organizations, especially those that are tasked with safeguarding information relating to national security, health, or financial records, need to take steps to protect their sensitive business and personnel information. As early as March 2013, the nation’s top intelligence officials cautioned that cyber attacks and digital spying are the top threat to national security, eclipsing even terrorism.

Challenges of Cyber Security

For an effective cyber security, an organization needs to coordinate its efforts throughout its entire information system. Elements of cyber encompass all of the following:

• Network security
• Application security
• Endpoint security
• Data security
• Identity management
• Database and infrastructure security
• Cloud security
• Mobile security
• Disaster recovery/business continuity planning
• End-user education

The most difficult challenge in cyber security is the ever-evolving nature of security risks themselves. Traditionally, organizations and the government have focused most of their cyber security resources on perimeter security to protect only their most crucial system components and defend against known treats. Today, this approach is insufficient, as the threats advance and change more quickly than organizations can keep up with. As a result, advisory organizations promote more proactive and adaptive approaches to cyber security. Similarly, the National Institute of Standards and Technology (NIST) issued guidelines in its risk assessment framework that recommend a shift toward continuous monitoring and real-time assessments, a data-focused approach to security as opposed to the traditional perimeter-based model.

Managing Cyber Security

The National Cyber Security Alliance, through SafeOnline.org, recommends a top-down approach to cyber security in which corporate management leads the charge in prioritizing cyber security management across all business practices. NCSA advises that companies must be prepared to “respond to the inevitable cyber incident, restore normal operations, and ensure that company assets and the company’s reputation are protected.” NCSA’s guidelines for conducting cyber risk assessments focus on three key areas: identifying your organization’s “crown jewels,” or your most valuable information requiring protection; identifying the threats and risks facing that information; and outlining the damage your organization would incur should that data be lost or wrongfully exposed. Cyber risk assessments should also consider any regulations that impact the way your company collects, stores, and secures data, such as PCI-DSS, HIPAA, SOX, FISMA, and others. Following a cyber risk assessment, develop and implement a plan to mitigate cyber risk, protect the “crown jewels” outlined in your assessment, and effectively detect and respond to security incidents. This plan should encompass both the processes and technologies required to build a mature cyber security program. An ever-evolving field, cyber security best practices must evolve to accommodate the increasingly sophisticated attacks carried out by attackers. Combining sound cyber security measures with an educated and security-minded employee base provides the best defense against cyber criminals attempting to gain access to your company’s sensitive data. While it may seem like a daunting task, start small and focus on your most sensitive data, scaling your efforts as your cyber program matures.

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